HomeMy Public PortalAbout1997_09_09_R219The Town of
Leesburg,
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RESOLUTION NO.
A RESOLUTION:
PRESENTED September 9~ 1997
97-219 ADOPTED September 9, 1997
CANCELING THE CONTRACT FOR INSTALLATION OF PUBLIC
IMPROVEMENTS AND RELEASING THE PERFORMANCE GUARANTEE
FOR THE PATOWMACK POWER PLANT
Council Resolution #91-274, adopted on December 10, 1991, authorized an
PASSED this 9th day of September ,1997.
Clerk of Council
es E. Clem, Mayor
n of Leesburg
R:patpower
WHEREAS,
agreement and approved a performance guarantee and a water extension permit for the Patowmack Power
Plant; and
WHEREAS, Patowmack Partners, Ltd., the developers of the Patowmack Power Plant Waterline
Extension, has not completed the public improvements in accordance with the approved construction
drawings and town standards within the two year period agreed to in the contract for public improvements
and previously approved time extensions; and
WHEREAS, a cash bond in the amount of $25,000.00 was provided by the developer to guarantee
the installation of public improvements for the Patowmack Power Plant; and
WHEREAS, Patowmack Partners, Ltd., has not started construction of the project; and
WHEREAS, Patowmack Partners, Ltd., has requested that the contract be canceled and the
$25,000.00 cash bond be returned, together with interest earned.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The contract for installation of public improvements authorized by Resolution
#91-274 is hereby canceled and the Town Manager is authorized to sign a termination agreement in a form
approved by the town attorney.
SECTION II. The cash bond in the amount of $25,000.00 and any accumulated interest is be
released after the termination agreement is fully executed.